IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Cut to Hold at StockNews.com

StockNews.com lowered shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

Separately, Jefferies Financial Group raised shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and raised their target price for the stock from $10.50 to $13.00 in a research report on Wednesday, August 14th.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Down 2.5 %

IRS opened at $14.24 on Friday. The business has a fifty day moving average of $12.20 and a 200 day moving average of $10.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.89 and a current ratio of 0.89. IRSA Inversiones y Representaciones Sociedad Anónima has a 52-week low of $6.09 and a 52-week high of $14.71.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last issued its earnings results on Tuesday, September 3rd. The financial services provider reported $1.31 earnings per share (EPS) for the quarter. The firm had revenue of $129.87 million during the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a negative net margin of 79.31% and a positive return on equity of 8.24%.

Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% in the 3rd quarter. GAMMA Investing LLC now owns 3,418 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 1,419 shares during the period. Acadian Asset Management LLC purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter worth $27,000. Advisors Preferred LLC bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter valued at $94,000. Secure Asset Management LLC increased its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 12.6% in the 3rd quarter. Secure Asset Management LLC now owns 96,927 shares of the financial services provider’s stock valued at $1,103,000 after acquiring an additional 10,824 shares during the period. Finally, BW Gestao de Investimentos Ltda. bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 2nd quarter worth $269,000. 45.46% of the stock is currently owned by institutional investors.

About IRSA Inversiones y Representaciones Sociedad Anónima

IRSA Inversiones y Representaciones Sociedad Anónima, together with its subsidiaries, engages in the diversified real estate activities in Argentina. It operates through five segments: Shopping Malls, Offices, Hotels, Sales and Developments, and Others. The company is involved in the acquisition, development, and operation of shopping malls, office buildings, and other non-shopping mall properties primarily for rental purposes.